Port Equipment Market boost by ongoing expansion and development of global trade, which requires ports to invest in advanced equipment and technologies to handle increased cargo volumes efficiently and sustainably.

Market Research Future (MRFR) has published a cooked research report on the “Global Port Equipment Market” that contains information from 2018 to 2032. The Port Equipment market is estimated to register a CAGR of 2.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Port Equipment market— Liebherr group, Lonking holdings limited., Toyota Material Handling, ZPMC, Konecranes, Mitsubishi Logisnext Co., Ltd., Gaussin Group, Sany Heavy Industry Co Ltd (SHI), Anhui Heli Co., Ltd., Cargotec Corporation.

Market Highlights

The global Port Equipment market is accounted to register a CAGR of 2.30% during the forecast period and is estimated to reach USD 21.96 billion by 2032.

The ongoing expansion and development of global trade are fueling the demand for port equipment as ports seek to accommodate larger cargo volumes efficiently. To meet this demand, ports are investing in advanced technologies and equipment, such as automated container handling systems and energy-efficient machinery, to optimize operations and reduce environmental impact. This drive for increased efficiency and sustainability not only improves the competitiveness of ports but also propels the growth of the global market for port equipment as the industry evolves to meet the demands of the modern global trade landscape.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Port Equipment Market Trends

Segment Analysis

The global Port Equipment market has been segmented based on solutions, application and operation.

On the basis of solutions, the market is segmented into Equipment and Software & Solutions. The equipment segment was attributed to holding the largest market share in 2022, as port operations hugely depends on physical machinery.

Based on application, the global Port Equipment market has been segmented into Container Handling, Scrap Handling, Bulk Handling, Stacking, General Cargo and Others. The container handling segment was expected to hold the largest market share in 2022, as it is important in modern port operations.

Based on operation, the global Port Equipment market has been segmented into Conventional and Autonomous. The conventional segment was expected to hold the largest market share in 2022, as it is more prevalent in the industry.

Regional Analysis

The global Port Equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Port Equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Port Equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Port Equipment market comprises of Middle East, Africa, and Latin America.

The largest market share for Port Equipment was maintained by the North American regional sector. This increase is attributed to the region's robust international trade, with numerous ports serving as vital gateways for imports and exports. The expansion of e-commerce and increased consumer demand for goods have further boosted the need for efficient and modern port facilities and equipment. Additionally, infrastructure investment initiatives and a focus on improving supply chain efficiency have led to the procurement of advanced port equipment, such as container handling cranes and automated terminal operations, to handle the growing cargo volumes.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Port Equipment is driven by the continent's significant maritime trade and the need for efficient and modernized port infrastructure to handle increasing cargo volumes, coupled with environmental regulations encouraging the adoption of cleaner and more sustainable port equipment solutions.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period, due to the region's robust trade activities, as it serves as a major hub for global import and export. The need to handle increasing cargo volumes efficiently and the continuous expansion and modernization of ports and terminals in response to growing trade contribute to the demand for advanced port equipment in the region.

Furthermore, the rest of the world's Port Equipment market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the expansion of global trade and the need to efficiently handle cargo and goods in rapidly developing regions. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Port Equipment market is expected to reach USD 21.96 billion by 2032, at a CAGR of 2.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the robust international trade activities, the expansion and modernization of ports, and the increasing demand for efficient cargo handling and logistics solutions.


• Based on application, the container handling segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Liebherr group, Lonking holdings limited., Toyota Material Handling, ZPMC, Konecranes, Mitsubishi Logisnext Co., Ltd., Gaussin Group, Sany Heavy Industry Co Ltd (SHI), Anhui Heli Co., Ltd., Cargotec Corporation.